Quote from: fatlever on September 14, 2017, 05:19:57 PM

Quote from: RawDog on September 14, 2017, 04:57:59 PM

Next time I see a fucking chink - I am gonna slap him on the damn head.

What the fuck is wrong with those people?

Do you realize that Chinese want Bitcoin but it's the government that is shutting down exchanges? Also, the highs in 2013 and this year would not have been possible without the enthusiasm of the Chinese people. I am not particularly fond of the mining conglomerate which is Chinese but to throw racial slurs and say you'll slap them can't be in spirit of this forum.

I think the root of the problem is all the SCAM ICOs that popped up out. China lifted a lot of regulation and allowed withdrawal from exchange this year thinking of Bitcoin. But it didn't forsee all the SCAM ICOs for everything under the sun. All these coins and ICOs, 99% are a speculative frenzy or straight up scam and people are all going to lose their money.

If there is regulation, it would make sense to only allow fairly distributed coins. That means no to almost everything even ETH which is mostly premined, XRP, etc.

I know a lot of people are arguing capital controls and outflow through Bitcoin but China had changed their stance of that. All these scam ICOs seemed to make them change their stance again.

Its not the scam ICO's, its how quickly theyre adopting it and the threat it poses's to the political class. A fascist dictatorship like the Chinese government is not going to relinquish control of the money supply easily. Theyre attempting to clip the market and crash it before it has a chance to get a solid grip on their economy and essentially dispossess them of a large portion of their power over the people.